Inventory write-off and fraudulent/wrongful trading allegations in corporate insolvency led to director liability principles applied and appeal dismis...
Condonation of delay in filing GSTR-3B returns and entitlement to Section 62 benefit results in withdrawal of assessments and revocation of attachment...
Suspension of a customs broker licence under Regulation 16(1) CBLR, 2018 was sustained because the broker failed required due diligence under Regulations 10(d), 10(e), 10(f) and 10(n). The broker accepted KYC and authorisation from an unverified person, did not verify identity or genuineness, and did not ensure mandated 100% examination after a scanned-mismatch designation; only one package was opened and sampled. The matter involved large-scale narcotics smuggling with national security and foreign exchange implications; suspension followed receipt of an investigative report, and the inquiry must be completed within CBLR timelines.
Suspension of a customs broker licence under Regulation 16(1) CBLR, 2018 was sustained because the broker failed required due diligence under Regulations 10(d), 10(e), 10(f) and 10(n). The broker accepted KYC and authorisation from an unverified person, did not verify identity or genuineness, and did not ensure mandated 100% examination after a scanned-mismatch designation; only one package was opened and sampled. The matter involved large-scale narcotics smuggling with national security and foreign exchange implications; suspension followed receipt of an investigative report, and the inquiry must be completed within CBLR timelines.
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